Nvidia shed nearly $1.5 trillion in value as Jensen Huang scandal deepens

what happened

According to TradingView's Markets Espresso column, Nvidia has lost nearly $1.5 trillion in market capitalisation since a scandal involving co-founder and CEO Jensen Huang came to light. The shares closed below $4 trillion for the first time since June of last year. Huang has left the company he co-founded 33 years ago, and he now faces congressional hearings, court subpoenas and national security investigations.

Meanwhile, Foreign Portfolio Investors poured about $9 billion into Indian equities over just 10 sessions. That is close to a record, since the largest monthly inflow on record was $9.6 billion in November 2020. The Nifty has risen more than 3,000 points since topping in September 2024, Nifty Bank is near a record high, and most large caps have gained 10-20% over the last few sessions.

Separately, Microsoft suffered a multi-day disruption to mail and Teams. Full services were restored late on Friday night or early on Saturday, roughly 24 hours after the work-in-progress updates began.

why it matters

For Indian markets, sustained foreign capital is a key support for large caps. Nvidia's slide shows how a leadership scandal at a mega-cap can erase a large share of value quickly and weigh on sentiment toward AI-linked technology stocks.

market impact

Indian large caps: foreign inflows support the market; Nvidia: the scandal weighs on the shares

• ▲Indian large-cap stocks pressure up — foreign portfolio inflows add demand for the shares
• ▼Nvidia shares pressure down — the founder's departure and investigations weaken investor confidence

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